540 Delancey
As we wrote about the Cape Horn Lofts building at 540 Delancey last year:

It was sixteen condos before units #402 and #403 were combined to form a 2,900 square foot unit with over 1,000 square feet of outdoor space. In contract (and so noted) at the time we profiled #401, 540 Delancey #402/3 sold for $3,100,000 in October 2008.

Listed for $3,295,000 at the end of 2009, and then for $2,995,000 last June, the Cape Horn penthouse unit known as #402/403 is back on the market and asking $2,899,000.
540 Delancey #402/403: Kitchen
∙ Listing: 540 Delancey #402/403 (2/4) – $2,899,000 [MLS] [540delanceypenthouse.com]
540 Delancey #402/403 Comes Back Around (At) The Cape Horn [SocketSite]
Cape Horn Lofts (540 Delancey) In General, And #401 In Specific [SocketSite]

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Comments from “Plugged-In” Readers

  1. Posted by Willow

    Wasn’t there some litigation with the developer of this building that finally was resolved recently?

  2. Posted by vinny

    $2.8MM for this? You have got to be kidding. In SF, if you can’t do better than this building, I would strongly suggest you keep looking, and tell your broker same…ughhhh!

  3. Posted by vinny

    Oops, I meant $2.9MM – excuse em moi, ahemmm

  4. Posted by Dan Clark

    I like this building quite a bit. I haven’t been in this particular unit, but the price seems too high compared to its comps. I’m guessing it sells for about $2.1-2.2M.

  5. Posted by Mark F.

    A very nice property, but overpriced.

  6. Posted by loftlover

    Well, I have to say I’m a little surprized. As much as I love the building and the South Beach area, I didn’t think if would go for more than the asking price.
    Sold on 08/23/2011 for $3M.
    [Editor’s Note: The Penthouse Atop 540 Delancey Completes Its Two Year Trip.]

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